June 5, 2018
Any gear with the Monsanto logo will soon be a vintage keepsake.
Bayer has announced that it will finalize its acquisition of the St. Louis-based company on June 7 — and it won’t be taking Monsanto’s name along for the ride.
“The company name is and will remain Bayer,” Liam Condon, president of Bayer’s Crop Science Division, told reporters during a press conference Monday. “Monsanto will no longer be a company name after this initial two-month period.” In those two months, Bayer will complete the divestitures required by the U.S. Department of Justice and other global regulatory bodies.
In his comments, Condon acknowledged that Monsanto’s controversial public image in both the U.S. and abroad played a role in that decision.
